Quote:
Originally Posted by e-flyer
Yes, but be aware that they typically group the bond and the maintenance fee together when you pay it over 30yrs. If you pay off the bond, you still owe the annual maintenance fee along with the monthly amenity fee.
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I'm puzzled. How many retired people really take out 30 year mortgages?
In Vermont they only used to give 20 year mortgages. We paid ours off in our early 40's.
We plan to pay cash for our home in THE VILLAGES.
Thus, this "bond" would be paid at that time, correct??? Meaning time of sale/closing. Not in installments.
Thanks in advance.
P.S. If one is approaching 70 years old (68/69) they would be 100 years old by the time the mortgage is paid off.